The GBP/JPY pair snaps its five-day losing streak, trading near 191.90 during Asian trading hours on Thursday.
GBP/JPY may appreciate as the BoE leans toward a gradual approach to policy easing. The Pound Sterling may gain ground as BoE officials support following a gradual policy-easing approach. The likelihood of a BoJ’s 25 basis point hike in December rose to nearly 60%, against 50% a week ago. Economic data releases remain sparse for the United Kingdom , with a similarly light calendar expected in the coming week.
Investors are now closely watching Tokyo's inflation data, scheduled for release on Friday, as it could provide crucial clues regarding the BoJ's policy direction. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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